For those in the rent-versus-buy quandary, Zillow's calculations show that buying pays off over renting after just three years in some of the nation's markets.
The so-called break-even point in the Chicago area is 2.8 years, according to the study!
Find out what's happening in Algonquin-Lake In The Hillswith free, real-time updates from Patch.
Find out what's happening in Algonquin-Lake In The Hillswith free, real-time updates from Patch.
(2012, October). Rent vs. buy break even point. Illinois REALTOR, 8.
(www.zillow.com/blog/research/2012/08/01/rent-vs-buy-what-the-standard-indices-arent-telling-you/)
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